Realty index up over 4% post Budget proposals

The BSE Realty, index zoomed over 4% with most of the stocks from sector appreciating 2% - 6%, after the Finance Minister allowed pending projects to be completed within a period of five years instead of four years for claiming a deduction of their profits. Norms for built-up area of shops and other commercial establishments in housing projects is also proposed to be relaxed to enable basic facilities for their residents.

Among realty stocks, DLF Ltd is the largest gainer, surging 6% to Rs 308, followed by HDIL at Rs 308 (up 5%), Anant Raj Industries and Omaxe (4% each) at Rs 128 and Rs 94, respectively.

Unitech, Orbit Corporation, Parsvnath Developers, Sobha Developers and Peninsula Land are other scrips trading firm between 2% to 4%.